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 |  Posted:06.05.2009, 09:12 Barney Frank to Introduce New Gaming Legislation in the US |   |
Barney Frank to Introduce New Gaming Legislation in the US
by No Luck Needed member ttwna2k for NoLuckNeeded.com
Barney Frank to Introduce New Gaming Legislation in the US update 5/05
The fight to regulate the dormant online gaming market in the US will take another twist tomorrow when Congressman Barney Frank reintroduces legislation to establish a framework for licensed online gaming operators to accept wagers from US customers.
According to our friends at the Safe and Secure Internet Gambling Initiative, the legislation is expected to include a number of significant consumer protections, largely targeting compulsive and underage gambling, money laundering, fraud and identity theft.
Jeffrey Sandman, spokesperson for the Safe and Secure Internet Gambling Initiative said, “We applaud Chairman Frank’s strong leadership to advance a commonsense approach to regulate Internet gambling and reverse the intrusive, ineffective and burdensome prohibition.
“Despite the current prohibition, millions of Americans wager more than $100 billion annually with offshore Internet gambling operators. Rather than tell Americans what they can and cannot do online in the privacy of their homes, Chairman Frank’s approach to regulate Internet gambling would protect consumers and allow the US to generate billions in new revenue to fund critical government programs.”
Barney Frank has long championed a reversal of the protectionist Unlawful Internet Gambling Enforcement Act (UIGEA) since its inception in October 2006, citing that it invaded the personal freedom of adult Americans. Following the introduction of his Internet Gambling Regulation and Enforcement Act in 2007, Congressman Frank gave his first exclusive interview to iGaming Business magazine. In it he stated that UIGEA troubled him because it “essentially states that society has a right to intrude into other people’s personal choices about how they spend their money and their leisure time, in ways that don’t affect anyone else.”
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